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FIRST SHANGHAI: Initiates a "Buy" rating for CHINAHONGQIAO (01478) with a Target Price of 16.8 Hong Kong dollars.
FIRST SHANGHAI estimates that CHINAHONGQIAO will achieve revenue of 150.3/153.2/154.3 billion yuan respectively from 2024 to 2026.
Hong Kong stocks are moving | The mobile phone Industry Chain continues to rise. On the first day of the national subsidy, mobile phone sales increased significantly month-on-month. Institutions are bullish on the recovery of the Consumer Electronics mark
The mobile Industry Chain continues to rise. As of the time of writing, Sunny Optical (02382) is up 4.35%, trading at 68.3 HKD; AAC TECH (02018) is up 3%, trading at 39.45 HKD; BYD Electronics (00285) is up 1.79%, trading at 39.9 HKD.
Consumer Electronics stocks rose broadly, SUNNY OPTICAL (02382) increased by 4.30%. The new subsidies for digital product purchases have been implemented, and Institutions indicated that the subsidies are a short-term positive catalyst.
Jingu Financial News | Consumer Electronics stocks are rising across the board. As of the time of writing, SUNNY OPTICAL (02382) is up 4.30%, BYD Electronics (00285) is up 3.02%, Q TECH (01478) is up 2.22%, COWELL (01415) is up 2.06%, and AAC TECH (02018) is up 1.67%. In terms of news, Morgan Stanley published a research report stating that mainland phone subsidies will begin on January 20, providing a 15% subsidy for mobile phones, tablets, and smartwatches priced under 6,000 yuan, with a cap of 500 yuan. However, consumers
Market movements | The entire Industry Chain of mobile phones is seeing a rise, with Sunny Optical surging over 4%. From today, new subsidies for purchasing digital products will be gradually implemented in various regions.
Starting from January 20th, new Consumer Electronics subsidy programs will be gradually implemented across the country. Morgan Stanley stated that it reaffirms that subsidies will become a short-term positive catalyst for Smart Phone OEMs and the supply chain.
Hong Kong stocks movement | COWELL (01415) fell over 6%, leading the decline among Apple Supplier stocks. In 2024, Apple’s sales in China recorded the largest drop since records began.
Apple Supplier stocks declined during the trading session. As of this report, COWELL (01415) is down 6.21% at 26.45 HKD; AAC TECH (02018) is down 2.64% at 35.05 HKD; Q TECH (01478) is down 1.74% at 6.21 HKD; Sunny Optical (02382) is down 1.5% at 62.25 HKD.
Q Technology's Subsidiary Subscribes for Wealth Management Products for 200 Million Yuan
